Liberty Defense Displays Impressive Results of the HEXWAVE from On Person Borne Improvised Explosive Device (IED) Scoping Trial

WILMINGTON, Mass., Aug. 21, 2024 /CNW/ - Liberty Defense Holdings Ltd. ("Liberty" or the "Company") (TSXV: SCAN) (OTCQB: LDDFF) (FRANKFURT: LD2A), a leading technology provider of Artificial Intelligence (AI) based next generation detection solutions for protecting secure locations against prohibited weapons and other threats, is pleased to announce that the HEXWAVE™ system demonstrated exceptional results from the scoping trial for the detection of On Person Borne IED's.

The results were released from a trial held late last year, which was a collaboration between US government agencies, US Military and NATO countries to collect and analyze security detection performance data for the purpose of determining Person Borne IEDs (PBIEDs) detection capabilities of US and European partners for Force Protection. PBIED simulants included metal, clay, sugar, plastics, and wood. Simulated metallic and non-metallic shrapnel were also used. Weapons included inert pistols and an inert rifle, inert hand grenades, various knives, and backpack bombs (simulated using a pressure cooker and metallic Shrapnel).

During the trial, the next generation screening capabilities of the HEXWAVE walkthrough system was evaluated for the following:

• Continuous, contactless, high throughput flow of screening without having to pause or stop
• No need to remove benign items like cell phones, keys, and wallets
• Detection of non-metallic and metallic threats such as liquid, powder, and plastic explosives, incendiary devices, and unauthorized weapons like 3D printed ghost guns and more
• Automated detection with threat location on the resolution station for ease of clearing alarm
• Quick setup and portability of the system

The system was tested over the 2 days with approximately 400 scans with individuals using more than 25 types of concealed threats.  For security reasons the actual threats used and the specific performance on those threats is considered "Classified" and that information will not be provided.

"We were impressed by the results of the system, especially given the military type of threats that were used in the testing," said Bill Frain, Liberty's CEO. "The HEXWAVE had an impressive performance of greater than 90% detection or better on 18 various simulant threats, both metallic and non-metallic. This is certainly above industry standards and gives customers the confidence of performance to meet their operational requirements."

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On Behalf of Liberty Defense
Bill Frain
CEO & Director

About Liberty Defense

Liberty Defense (TSXV: SCAN, OTCQB: LDDFF, FRANKFURT: LD2A) provides multi-technology security solutions for concealed weapons detection in high volume foot traffic areas and locations requiring enhanced security such as airports, stadiums, schools, and more. Liberty's HEXWAVE product, for which the company has secured an exclusive license from Massachusetts Institute of Technology (MIT), as well as a technology transfer agreement for patents related to active 3D radar imaging technology, provides discrete, modular, and scalable protection to provide layered, stand-off detection capability of metallic and non-metallic weapons. Liberty has also recently licensed the millimeter wave-based, High-Definition Advanced Imaging Technology (HD-AIT) body scanner and shoe scanner technologies as part of its technology portfolio. Liberty is committed to protecting communities and preserving peace of mind through superior security detection solutions. Learn more: LibertyDefense.com

FORWARD-LOOKING STATEMENTS

When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although Liberty believes, in light of the experience of their respective officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in the forward-looking statements and information in this press release are reasonable, undue reliance should not be placed on them because the parties can give no assurance that such statements will prove to be correct. Such statements and information reflect the current view of Liberty. There are risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.

By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. There are a number of important factors that could cause Liberty's actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: currency fluctuations; limited business history of the parties; disruptions or changes in the credit or security markets; results of operation activities and development of projects; project cost overruns or unanticipated costs and expenses; and general development, market and industry conditions. The parties undertake no obligation to comment on analyses, expectations or statements made by third parties in respect of their securities or their respective financial or operating results (as applicable).

Liberty cautions that the foregoing list of material factors is not exhaustive. When relying on Liberty's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Liberty has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release represents the expectations of Liberty as of the date of this press release and, accordingly, are subject to change after such date. Liberty does not undertake to update this information at any particular time except as required in accordance with applicable laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

SOURCE Liberty Defense Holdings, Ltd.

For further information about Liberty Defense, please contact: Jay Adelaar, Senior Vice President of Capital Markets, Liberty Defense, 604-809-2500, [email protected]; For sales information, please contact: Ian McNaughton, Senior Director Business Development, Liberty Defense, 613-292-3669, [email protected]